Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	28,288	$6.67M	7.4%	$51.56	+332.3%	COM	594918104
—	SCHNITZER STL INDS CLASS A	96,655	$4.039M	4.5%	$22.28	—	COM	806882106
NEM	NEWMONT MINING CORP	65,739	$3.962M	4.4%	$20.32	+152.2%	COM	651639106
PAAS	PAN AMERICAN SILVER F	123,737	$3.716M	4.1%	$12.67	+156.3%	COM	697900108
—	M & T BANK CORP	23,383	$3.545M	3.9%	$161.94	—	COM	55261f104
AA	ALCOA CORP	106,471	$3.459M	3.8%	$21.86	+10.6%	COM	013872106
—	FLEXTRONICS INTL LTD F	179,826	$3.293M	3.7%	$16.31	—	COM	y2573f102
—	ISHARES SILVER TRUST ETF	132,486	$3.007M	3.3%	$14.23	—	ISHARES	46428q109
—	NUTRIEN LTD	53,415	$2.879M	3.2%	$47.26	—	COM	67077m108
—	DIANA SHIPPING INC F	896,311	$2.68M	3.0%	$2.50	—	COM	y2066g104
—	BUNGE LIMITED F	31,998	$2.536M	2.8%	$56.44	—	COM	g16962105
—	LAZARD LTD LP	55,268	$2.405M	2.7%	$45.83	—	COM	g54050102
INTC	INTEL CORP	34,556	$2.212M	2.5%	$44.02	+22.9%	COM	458140100
PFE	PFIZER INCORPORATED	59,000	$2.138M	2.4%	$28.04	0.0%	COM	717081103
AMGN	AMGEN INCORPORATED	8,490	$2.112M	2.3%	$144.43	+41.7%	COM	031162100
—	EMBRAER SA	190,259	$1.904M	2.1%	$13.52	—	ADR	29082a107
—	PETROLEO BRASILEIRO F SPONSORE	221,284	$1.876M	2.1%	$8.27	—	ADR	71654v408
CERS	CERUS CORP	309,613	$1.861M	2.1%	$5.16	+31.7%	COM	157085101
HL	HECLA MINING CO	320,327	$1.823M	2.0%	$2.76	+116.0%	COM	422704106
ORANY	ORANGE SA F SPONSORED ADR 1 AD	147,084	$1.814M	2.0%	$12.60	—	ADR	684060106
—	TELEFONICA BRASIL SA	226,805	$1.785M	2.0%	$8.83	—	ADR	87936r205
—	BANCO BILBAO ARGEN F SPONSORED	328,396	$1.714M	1.9%	$7.62	—	ADR	05946k101
—	PROSHARES SHORT S&P 500 ETF NE	96,052	$1.61M	1.8%	$29.83	—	COM	74347b425
NOK	NOKIA CORP SPON F SPONSORED AD	399,185	$1.581M	1.8%	$4.83	—	ADR	654902204
—	ANGLOGOLD ASHANTI F SPONSORED	71,290	$1.566M	1.7%	$11.44	—	ADR	035128206
—	TOTAL S A F SPONSORED ADR 1 AD	33,252	$1.548M	1.7%	$49.58	—	ADR	89151e109
TPC	TUTOR PERINI CORP	76,793	$1.455M	1.6%	$16.62	+1.8%	COM	901109108
WMK	WEIS MARKETS, INC	25,037	$1.415M	1.6%	$32.80	+48.1%	COM	948849104
RRC	RANGE RESOURCES CORP	129,978	$1.343M	1.5%	$7.25	+34.0%	COM	75281A109
UVV	UNIVERSAL CORP	22,054	$1.301M	1.4%	$42.81	+22.6%	COM	913456109
DAKT	DAKTRONICS INC	190,108	$1.192M	1.3%	$7.73	-26.9%	COM	234264109
INSW	INTERNATIONAL SEAWAYS INC	61,317	$1.188M	1.3%	$11.72	0.0%	COM	Y41053102
FLR	FLUOR CORP	49,660	$1.147M	1.3%	$39.65	-51.0%	COM	343412102
—	PROSHARES SHORT QQQ	56,654	$788K	0.9%	$18.93	—	COM	74347b714
AAPL	APPLE INC	6,177	$755K	0.8%	$99.08	+26.2%	COM	037833100
—	SPDR BLOOMBERG BARCLAYS 1-3 MO	7,832	$717K	0.8%	$91.58	—	COM	78468r663
MCD	MCDONALD'S CORP	3,188	$715K	0.8%	$136.64	+40.0%	COM	580135101
PG	PROCTER & GAMBLE	4,125	$559K	0.6%	$67.87	+70.5%	COM	742718109
—	WALGREENS BOOTS ALLIANCE INC	10,189	$559K	0.6%	$65.46	—	COM	931427108
JNJ	JOHNSON & JOHNSON	3,281	$539K	0.6%	$108.12	+30.2%	COM	478160104
PEP	PEPSICO INCORPORATED	3,727	$527K	0.6%	$89.25	+32.1%	COM	713448108
AMZN	AMAZON COM INC	163	$504K	0.6%	$84.77	+87.0%	COM	023135106
—	UNITEDHEALTH GROUP INC	1,270	$473K	0.5%	$220.46	—	COM	91324p102
SCHX	SCHWAB US LARGE CAP ETF	4,572	$439K	0.5%	$76.29	—	COM	808524201
DIS	WALT DISNEY CO	2,381	$439K	0.5%	$103.00	+74.9%	COM	254687106
BKUTK	BANK OF UTICA N Y	1,000	$438K	0.5%	$267.19	+25.5%	COM	065437204
—	AMERISERV FINANCIAL	100,000	$406K	0.5%	$4.15	—	COM	03074a102
CVS	CVS HEALTH CORP	5,320	$400K	0.4%	$54.56	+14.1%	COM	126650100
—	MERCK & CO INC	5,100	$393K	0.4%	$54.79	—	COM	58933y105
—	1/100 BERKSHIRE HTWY CLA 100 S	100	$386K	0.4%	$2130.00	—	COM	084990175
SYY	SYSCO CORP	4,781	$376K	0.4%	$49.25	+38.2%	COM	871829107
BRT	BRT APARTMENTS CORP	20,000	$337K	0.4%	$7.00	—	COM	055645303
OMER	OMEROS CORP	17,735	$316K	0.4%	$9.70	+100.6%	COM	682143102
TMO	THERMO FISHER SCNTFC	646	$295K	0.3%	$333.60	+41.2%	COM	883556102
—	ABBVIE INC	2,576	$279K	0.3%	$98.21	—	COM	00287y109
SCHF	SCHWAB INTERNATIONAL EQUITY ET	7,392	$278K	0.3%	$36.19	—	COM	808524805
BMY	BRISTOL-MYERS SQUIBB	4,204	$265K	0.3%	$45.43	+12.3%	COM	110122108
—	CISCO SYSTEMS INC	5,024	$260K	0.3%	$42.91	—	COM	17275r102
—	SPDR GOLD SHARES ETF	1,600	$256K	0.3%	$118.23	—	COM	78463v107
BA	BOEING CO	942	$240K	0.3%	$153.71	+44.6%	COM	097023105
CVX	CHEVRON CORPORATION	2,255	$236K	0.3%	$79.58	0.0%	COM	166764100
ABT	ABBOTT LABORATORIES	1,912	$229K	0.3%	$92.34	+17.6%	COM	002824100
—	SPDR S&P MIDCAP 400 ETF	470	$224K	0.2%	$476.60	—	COM	78467y107
—	EXXON MOBIL CORP	3,938	$220K	0.2%	$55.87	—	COM	30231g102
—	ISHARES GOLD ETF	10,050	$163K	0.2%	$11.94	—	ISHARES	464285105
AR	ANTERO RESOURCES CORP	13,510	$138K	0.2%	$1.67	+406.8%	COM	03674X106
—	SOUTHWESTERN ENERGY CO	14,790	$69,000	0.1%	$1.69	—	COM	845467109
—	ENEL CHILE SA	12,345	$48,000	0.1%	$3.89	—	ADR	29278d105